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Corra.finance wants people to earn money from their Facebook, Instagram, and Twitter posts

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Non-fungible tokens or NFTs, which have been gaining popularity recently, are usually associated with digital artworks or games such as CryptoKitties. But Corra.finance is introducing a radical way of using NFTs by viewing them as a tool for helping people monetize their social media posts and other content.

NFTs for Social Media Content

Most social media users work hard to create captivating social media posts to get tons of likes from their followers. But for Corra.finance, getting likes and shares is not enough for the effort put into their creation.

Instead, the platform wants to use NFTs to help people monetize their content. That’s right, Corra wants users of Facebook, Twitter, Instagram, and other social media platforms to make money out of their posts.

Corra users can tokenize their digital content and create NFTs. The platform allows for the creation of four types of NFTs such as DeFi, digital content, social media, and nonprofits.

But unlike other platforms, Corra does not charge users for creating NFTs. Instead, the platform will only collect a fee after an NFT has been successfully sold to a buyer.

Corra IDO coming on May 15

Corra recently announced that it would hold its initial DEX offering (IDO) on May 15, 2021. An IDO is when a blockchain project debuts its token on a decentralized exchange (DEx) to raise funding from retail investors.

Corra 1.0 will go live on May 13, 2 days before the scheduled IDO. At this point, the platform will be able to support deposits and withdrawals for CORA, the platform’s native token. CORA can be used to upvote an NFT to increase its visibility as well as its chances of being seen by potential buyers.

The company has partnered with WeStarted for its IDO. WeStarter is a cross-token initial swap platform on the HECO (Houbi ECO Chain) network and is known for its expertise in this field.

WeStarter is also known for helping the successful launches of other blockchain projects such as the ChainSwap, AntiMatter, and DoraFactory. Its ChainSwap token sale was particularly so successful that it was oversubscribed by 3,850 times.

Image courtesy of Cointelegraph News/YouTube

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Source: https://bitcoinerx.com/blockchain/corra-finance-wants-people-to-earn-money-from-their-facebook-instagram-and-twitter-posts/

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